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(6)(a)
CITY COMMISSION REGULAR MTG
Meeting Date:
08/17/2022
Notice of Public Hearing on Tax Increase
Submitted For:
Laura Boyd
Submitted By:
Laura Boyd, Finance
Department:
Finance
Information
ACTION REQUEST
Public hearing to hear citizens' opinions in favor of or in opposition to the proposed 2022 tax rate of $0.49 per $100 valuation.
BACKGROUND (Brief Summary)
Public hearing to hear citizens' opinions in favor of or in opposition to the proposed 2022 tax rate of $0.49 per $100 valuation. This rate exceeds the no-new-revenue tax rate of $0.448432 per $100 valuation, but is less than the voter-approval tax rate of $0.555639 per $100 valuation.
The proposed rate is the same as the 2021 tax rate.
RECOMMENDATION
Due to anticipated cost increases due to inflation and contractual obligations, management is recommending approval of the proposed tax rate of $0.49 per $100 of property value.
Fiscal Impact
Attachments
Tax Rate Hearing Notice
Tax Rate 2022
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